Mahindra & Mahindra Financial Services Share price

We were incorporated on January 1 1991 as Maxi Motors Financial Services Limited and received certificate of commencement of business on February 19 1991. The name was changed to Mahindra & Mahindra Financial Services Limited on November 3 1992. We are registered with the RBI as an NBFC with effect from September 4 1998 under Section45IA of the Reserve Bank of India Act 1934.Key Events in our business historyCalendar Year Event1993 Commenced financing of M&M UVs1995 First branch opened outside Mumbai at Jaipur1996 Commenced financing M&M dealers for purchase of tractors1998 Launched pilot project for retail tractor financing1999 Commenced tractor retail financing in rural and semi-urban areas2001 Total Assets crossed Rs. 10 billion2002 Commenced financing of non-M&M vehicles Received Tier II debt from International Finance Corporation Our first securitisation transaction of Rs. 434.8 million2004 Long term credit rating of AA+/Stable Branch opened in Port Blair Listing of non convertible debentures on BSE on the wholesale debt market segment Securitisation of tractor assets of Rs. 256.6 million2005 Tie-up with HPCL MIBL became our wholly owned subsidiary Commenced distribution of third party mutual funds